ST Alpha - "I so much prefer our RRSPs and RESPs over all the shit you guys seem to have to navigate -- nm" (Reading a Post)

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In response to "Can ST confirm my understand: The benefit of a Roth IRA is that I pay the tax now but everything else in that account will be tax free? Traditional " by James Bond (aka Igor)

I so much prefer our RRSPs and RESPs over all the shit you guys seem to have to navigate -- nm

Posted by Beaker (aka anniebecca) May 27 '16, 10:17

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Responses:

we also have TFSA. I am not sure ours is that much easier. -- nm - Andie May 27, 10:21 5
- TFSA isn't that complicated, really - Reagen May 27, 10:33 1
  - oh, i know, but i just think if we were here saying 'tax now / tax later. TFSA / RSP/ vs Pension, and CPP vs OAS, ' etc,. it would sound just as - Andie May 27, 11:18
- they seem to all have rules upon rules -- nm - Beaker May 27, 10:24 2
  - Mostly to prevent them from being used as tax shelters -- nm - senor dentista May 27, 10:28 1
    - which is essentially what RRSPs are. Put money away now, pay tax when you atek it out. easy peasy -- nm - Beaker May 27, 10:43

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